TD Bank profit falls 7 percent on trading losses
Toronto-Dominion Bank said quarterly profit fell 7 percent because of previously announced write-downs for credit trading losses in illiquid debt markets.
National Bank of Canada returns to profit
National Bank of Canada returned to a quarterly profit helped by strong results from its personal and commercial banking sector, even though previously announced write-downs for commercial paper, staff layoffs and other items took a toll on results.
Canadian Western Bank lowers 2009 expectations
Canadian Western Bank blamed the global economic crisis for its more modest 2009 revenue growth target, which along with a lower quarterly profit sent its shares down more than 9 percent on Thursday.
Canadian dollar rises as parliament to be suspended
The Canadian dollar fell nearly 2 percent in less than 90 minutes on Thursday after leaders of opposition parties said they still aim to oust the country's Conservative government from power.
Building permits sag, purchasing contracts
Purchasing activity in Canada contracted to its lowest level ever last month, while building permits fell sharply in October, two reports showed on Thursday, providing the first strong indications of a slower fourth-quarter economy.
TSX set to open lower on weak commodities
Toronto Stock Exchange's main index turned negative midday on Thursday afternoon as financials and materials stocks trimmed gains and energy issues fell as oil dropped on demand concerns.